The partners will drill four vertical development wells to a depth of 11,000 feet on 160-acre spacing in the Dean, Wolfcamp, Cline and Atoka formations across 640 acres in the heart of the Permian basin.
"These wells will hold the deep rights for further development by horizontal drilling," the company said in a statement.
Mexco chief executive Nick Taylor said they will drill the vertical wells before going straight to horizontal wells because of rig availability, and because vertical wells can be drilled more quickly.
"It
